Ross was raised in Orlando, Florida. Ross had a half brother Jim, whom he mentioned in passing on his show. While working as a carpenter with his father, Ross lost part of his left index finger. It did not affect the way he held his palette while painting.
Definition: Net asset value(NAV) is the value of a fund's asset less the value of its liabilities per unit. Description: NAV is often associated with mutual funds, and helps an investor determine if the fund is overvalued or undervalued. When we talk of open-end funds, NAV is crucial.
Net Asset Value. Each investment fund calculates the net asset value -- NAV -- of a share by adding up the value of all the securities owned by the fund divided by the number of outstanding shares. Mutual funds, closed-end funds, exchange-traded funds -- ETFs -- and unit investment trusts all have a net asset value. The net asset value of a fund is calculated once a day, usually soon after the stock market closes.